Subject: Mid-Atlantic Regional Digest (MADIG)

Washington Business Journal Prime Finance Partners has teamed with MRP Realty to buy the four-building Bethesda Crescent office complex in Bethesda, Md., for $28 million, or $93.64/sf, at a recent foreclosure auction. Prime acquired a defaulted $76 million loan on ...

Philadelphia Inquirer PMC Property Group has paid $30 million, or $44.92/sf, for the 667,825-square-foot Ten Penn Center office building at 1801 Market St. in Philadelphia. The local investor, which plans to convert at least part of the building into apartments, ...

Commercial Observer A venture of Bozzuto and Invesco Real Estate has paid $147 million, or $323,788/unit, for the 454-unit Ashton at Dulles Corner apartment property at 13958 Mansarde Ave. in the Washington, D.C., suburb of Herndon, Va. The venture acquired ...

Bisnow Foulger Pratt has paid $448 million for a portfolio of four apartment properties with 1,248 units in Washington, D.C. The Potomac, Md., developer bought the portfolio from AvalonBay Communities of Arlington, Va. The purchase price reflects a capitalization rate ...

Commercial Observer X-Energy has leased 120,000 square feet at the 325,455-square-foot Waterfront at Washingtonian office building in the Washington, D.C., suburb of Gaithersburg, Md. The property, at 9801 Washingtonian Blvd., is owned by Prime US REIT of Singapore, which acquired ...

Washington Business Journal The General Services Administration has tapped JLL to market for sale the 941,653-square-foot office property at 301 Seventh St. SW in Washington, D.C. The property is situated within L’Enfant Plaza and was constructed in the 1930s as ...

Commercial Observer Galvanize Real Estate has paid $112 million, or $163.90/sf, for a portfolio of five industrial properties with 683,330 square feet in Maryland. The San Francisco investor, an affiliate of Galvanize Climate Solutions, which was launched in 2021 by ...

REBusiness Online Chicago Pacific Founders has paid $27.5 million, or $143.23/sf, for Maryland Trade Center III, a 192,000-square-foot medical office building in Greenbelt, Md. The company, which invests in the medical sector, including properties, bought the 36-year-old building from a ...

Washington Business Journal A venture of Kisco Senior Living and Welltower Inc. has paid $44 million, or $301,369/unit, for the 146-unit Seneca senior-living property in the Washington, D.C., suburb of Rockville, Md. The venture bought the four-year-old property, at 55 ...

Philadelphia Business Journal Eagle Cliff Real Estate Partners has paid $24.05 million, or $122.70/sf, for the 196,000-square-foot industrial property at 2045 Wheatsheaf Lane in Northeast Philadelphia. The New York investor acquired the property from Kairos Real Estate Partners of Blue ...